Endowment policy method of calculating depreciation
Briefly describe endowment policy method of calculating depreciation?
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This method is related to Sinking Fund method apart from in this method rather than investing in securities the amount set aside is employed to pay premium on an Endowment Policy. And the policy must grown-up on the date on that the ceases its valuable life. This collected money is then employed to replace the ended asset.
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I have reviewed the questions within the assignment and I am confused on how to read the financial statement (maybe because we did not cover this information within the class.) I understand the basics of financial statements and I understand the terms used within the questions, but I am not sure I a
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